Professor Elam
Accounting & Investing Info for San Antonio A & M
about
Category: Audit
-
Wed March 24 2010 This articles tracks the cost of Credit Default Swaps on state debt. A CDS is a bet that the bond may default. When the premium exceeds 3% of the underlying value of the bond, this is apparently a trigger point of no return, or as Gladwell would say, a tipping point.…
-
Tuesday March 23 2010 "We are at the point right now," Stevens said, "where no one trusts the American housing finance system." One of the reasons America has built large capital markets is trust. Accountants express independent opinions on financial statements. This gives investors confidence that they are reading the truth. Failure to adhere to…
-
Monday March 22, 2010 CPAs were fined and forbidden to practice before the SEC for three years. Seems these two were cooking the books, no doubt to up the stock price. Hmm, do you suppose they owned some stock? This is all pretty typical, some CPA that certainly knows better cooks the books, gets his…
-
Wed March 17 2010 For those that yearn for more hard core accounting news that we usually present, here is a link to Zero Hedge take on EY and their involvement in the Lehman cover up. Lengthy, but an audit and accounting lesson in itself, highly recommended….
-
Monday Feb 15 2010 I have placed two complete sets of Gleim CPA review books on reserve in Room 109 via Paula Garcia, our library representative. We have the 2009 and 2010 sets. Do not worry, things have not changed significantly since 2009! You can check them out for three hours at at time. Remember…
-
Wed Feb 10 2010 SAFE is not a reference to car recalls but an acronym for State Administration of Foreign Exchange, the oversight group for yes Communist China. Recall that no less than Jim Rogers pronounced the Communist Chinese as the world's best capitalists. SAFE oversees the $3 Trillion dollars of Chinese investments as well…
-
Sat Feb 5 2010 Sara McIntosh blogs on finance accounting auditing. In this blog she takes on the restrictions on the PCAOB, interesting. We will be linking to her blog. Sara takes the view that the PCAOB really cannot do much about the Big Four Accounting Firms, and so we continue to play the game…
-
Monday Feb 1 2010 Even Lech Walesa believes the US is headed to socialism. But that is now what caught my eye about this story. From BreitBart On Friday, January 29th, 2010, Lech Walesa, former President of Poland, traveled to Chicago to endorse Illinois Republican gubernatorial candidate, Adam Andrzejewski. We were fortunate enough to have an…
-
Sunday Jan 24, 2010 Yesterday we remarked that the Express News has expressed serious concern about the viability not to mention fiscal responsibility of the Museo Alameda. I suggested in my Nov 23, 2009 post that there are multiple museums in San Antonio that would have served a Latin Culture purpose just as well, and…
-
Sat Jan 23, 2010 We brought you the story on Museo Alameda November 23, 2009. This is a Latin themed Museum in the Market Square. Market Square is an area the local govt has tried to promote, albeit unsuccessfully. Now the lead editorial in today's Express News is expressing understandable concern about the project. it…
Professor Elam 